12 U.S.C. § 1811
Federal Deposit Insurance Corporation
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 1811, Federal Deposit Insurance Corporation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437996
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Full text
There is hereby established a Federal Deposit Insurance Corporation (hereinafter referred to as the “Corporation”) which shall insure, as hereinafter provided, the deposits of all banks and savings associations which are entitled to the benefits of insurance under this chapter, and which shall have the powers hereinafter granted.
The Corporation shall have a separate division of asset disposition.
The division of asset disposition shall have an administrator who shall be appointed by the Board of Directors.
The division of asset disposition shall carry out all of the responsibilities of the Corporation under this chapter relating to the liquidation of insured depository institutions and the disposition of assets of such institutions.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Financial Institutions Reform, Recovery, and Enforcement Act of 1989House: no recorded tallySenate: no recorded tally
- Resolution Trust Corporation Completion Act